This Easter holiday has been one of reading Vince Cable's account of the economic and financial crisis that faces the UK and the global economy. Securitization, amplification, special investment vehicles and figures in the trillions of $dollars. It is a remarkable, clear explanation of how the contagion spread. Of how people thought they were being clever by spreading the risk of their high risk actions and how high street banks, investment banks and the insurance industry were hit never mind the housing market and the wider economy.
There is a Facebook group called Cable so Able in appreciation of the man the Times called "A heavy weight in anyones cabinet."
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